- 07/27/2019 at 7:34 am #1517582EduGorillaKeymasterSelect Question Language :
Direction: Calculate quantity I and quantity II on the basis of the given information then compare them and answer the following questions accordingly.
Quantity I: X deposited Rs. 80000 at 5% simple interest for 4 years and Y deposited Rs. 200000 at 2% compound interest. What was the sum of the accumulated amounts of X and Y?
Quantity II: Praveen deposited 60% of his 3 month’s income in a bank at 12% simple interest for 5 years. If it is known that Praveen’s annual income was Rs. 1800000, then what was the accumulated amount received from the bank after 5 years?
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